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The Litigator
AGM :: Affleck Greene McMurtry LLP


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Another Efficient Acquisition: Chemtrade and Canexus

The Competition Bureau recently confirmed that it has issued a No Action Letter in the proposed acquisition of Canexus Corporation by Chemtrade Logistics Income Fund.

Both Canexus and Chemtrade produce chemicals for the pulp and paper industry.

This is the second time that the Bureau has found that a transaction’s anti-competitive effects would be offset by the efficiencies gained from the transaction, including savings related to transportation costs.

The first time the Competition Act‘s efficiencies exception was used was when the Bureau issued a No Action Letter in relation to Superior Plus Corp.’s proposed acquisition of Canexus. That deal was abandoned by Superior Plus when the U.S. Federal Trade Commission challenged the acquisition.

Annie Tayyab
Affleck Greene McMurtry LLP

Annie Tayyab

Annie Tayyab skillfully navigates a wide range of commercial matters. Her experience includes multi-jurisdictional class actions, complex contractual disputes, competition law, shareholder disputes, regulatory proceedings, consumer protection, commercial leasing, condominium legislation, and professional negligence, including errors and omissions by brokers/dealers and lawyers.

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